$55 Trillion accuring about $3 Trillion dollars of NEW interest obligations EACH YEAR....or about 25% of our GDP......

The interest obligations accruing on the existing debt are NEW each day and did NOT exist the day before.......

The problem is that there is about $55 Trillion dollars of EXISTING Debt and $3 Trillion dollars of interest accrucing each year yet there is only about $10 Trillion of savings generating a very small interest rate.

In 1980 there was only about $5 Trillion of existing debt.....

As you can see.....if the bankers are not lending $3 Trillion dollars of NEW money each year.....it very soon becomes IMPOSSIBLE to service the existing debt.....and things start to collapse.

and the existing debt is essentially the assets in our retirement accounts......

So the ONLY way anyone can have any retirement is for the debt to continue to be serviced.....and the ONLY way for the debt to be serviced is if $3 Trillion dollars of new money is put into the system.......ostensibly by the bankers under the current process.

$3 TRILLION OF NEW MONEY SIMPLY COVERS THE ACCRUING INTEREST OBLIGATIONS....IT DOES NOT ADDRESS THE RISING ENTITLEMENT OBLIGATIONS WHICH WILL SOON ECLIPSE THE INTEREST.

The rich are rich because the debt is being serviced....the debt can only be serviced if the bankers are lending......

and now that the bankers have dramatically cut back lending.......

Who is going to pay back the $55 Trillion dollars of debt so the rich can stay rich and the businesses still have customers and the people still have jobs?

We are all dependent on the debt being serviced in order to maintain any value in our investment accounts......

And the debt can only be serviced if more money is loaned to the system each year......

And if NEW money is not lent out to cover the interest accuring each day to those that want/need to borrow....our economy and society AS WE KNOW IT WILL COLLAPSE....as it is right now.

in essence, we are all COLLECTIVELY INTERDEPENDENT on one another.....we built a system that needs more and more money being lent out each year.....and if it is not, the whole house of cards comes crashing down......

and if enough of us can't pay our debt.....we all fail.......and as the banks keep slowing lending......more and more will be unable to pay their debts......

The alternative to throwing massive amounts of money at the banks is not to further starve and punish businesses and individuals but to feed some stimulus to them directly, with public projects that provide needed services while creating jobs. There are many successful precedents for this approach, including the public works programs of England, Canada, Australia and New Zealand in the 1930s, 1940s and 1950s, which were funded with government-issued money either borrowed from their central banks or printed directly. The Bank of England was nationalized in 1946 by a strong Labor government that funded the National Health Service, a national railway service, and many other cost-effective public programs that served the economy well for decades afterwards.

In Australia during the current crisis, a stimulus package in which a cash handout was given directly to the people has worked temporarily, with no negative growth (recession) for two quarters, and unemployment held at around 5%. The government, however, borrowed the extra money privately rather than issuing it publicly, out of a misguided fear of hyperinflation. Better would have been to give interest-free credit through its own government-owned central bank to individuals and businesses agreeing to invest the money productively.

The Chinese have done better, expanding their economy at over 9% throughout the crisis by creating extra money that was mainly invested in public infrastructure.

The EMU countries are trapped in a deadly pyramid scheme, because they have abandoned their sovereign currencies for.................."